Many companies successfully execute routine and repetitive business
practices. But when a change falls outside of their core capabilities,
such as entering a new market, merging two companies, or rolling out a
large IT system change, it is difficult to quickly deliver value.
Momentum Leadership assists companies by using proven change-management
techniques related to both making commitments and sustaining
accountability to accelerate the process and make the change
successful.
Software Solutions Company
Momentum Leadership was challenged to design and implement an effective Product
Management Process for a newly formed Product Management Team and an
established Software Development Team. This process shifted
responsibility for collection and prioritization of customer product
requirements from technical authors to product managers.
- Defined executive imperative for product management change
- Developed internal line of business (LOB) communication strategy
- Provided change readiness activities for software authors
- Redefined roles and responsibilities
- Reinforced adherence to the new process
- Drove agreement regarding product requirement approval process
- Secured executive agreement on compensation plan changes
- Utilized 360 assessment feedback
- Coached technical authors and product managers
- Taught influence and conflict management skills
The LOB Executive Team was relatively inexperienced in
cross-organizational leadership. Initially, protectionist behavior
ruled the team's decision making. Strong VP leadership and
consultation support set a new tone regarding the actions necessary to
guide leadership cooperation. To facilitate better communication,
executives held cross-functional planning town hall events and
embedded measurement of product management success in performance and
incentive plans.
Newly implemented product management and development strategies
dramatically reduced time to market by one-third. During the time of
this consultation, the business unit achieved over 30% profit margin
and annual revenue growth of 40%.
Managers from both the product management and software development
groups attended a series of unique learning events designed to develop
shared functional, technical, project management, collaboration and
coaching/feedback competencies. Participants applied a systematic
approach to gathering customer requirements and defining product
features for an upcoming product development cycle. Managers from each
discipline then collaborated to teach software developers about the
new product management process.
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